| Binary Options Broker | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | Five Lamps Place Amiens Street, Dublin 1 Ireland |
| Company owner | AVA Trade Ltd. |
| Types of support | |
| Phone Support | +3 537-667-058-34international number +7 (495) 049-39-08Russia |
| Languages | Russian, English, Spanish, Italian, Portuguese, Korean, Chinese, Japanese, Etc. |
| Terminals | MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions, DupliTrade |
| Liquidity providers | Currenex |
| Min. first deposit | From 100 USD |
| Brokerage commission | Yes |
| Bonuses | Bonus $100,000 to your binary options trading demo account |
| Free demo account | |
| Adjustable | Yes |
| Regulators | MiFID ASIC№ 406684 FSCA№ 45984 |
| Licenses | Licensed MiFID № C53877 (Active) |
| Types of accounts | Demo, Retail Account, Professional Account, VIP Account, Crypto Account, Islamic Account |
| Methods of replenishment | Neteller, PayPal, Webmoney, WireTransfer, Wire transfer, Bank card (Visa/MC) |
| Withdrawal methods | Neteller, PayPal, Webmoney, WireTransfer, Wire transfer, Bank card (Visa/MC) |
| Number of assets | 250+ |
| Types of assets | Currency pairs50+ currency pairs with low spreads StocksAll major exchanges: NYSE, NASDAQ, and others IndexesMajor stock indexes in the U.S., Europe and Asia ProductsAgricultural products, linen, cotton, etc. Raw materialsMetals and energy CryptocurrencyBitcoin, Ethereum, Litecoin, Ripple, etc. |
| Account Currencies | EUR, USD |
| Expiration | From 60 seconds to 1 weeks |
| Mobile apps | |
| Weekend trading | Yes |
| Tournaments/competitions | Yes |
| Trader training | Video lessons, e-books, indicators, forex traders guide |
| Affiliate Program | RegistrationRemuneration for each referred referral |
| Advantages | Company Reliability Quality analytics and training materials Fast withdrawal of funds Advantageous trading conditions Ongoing promotions and bonuses Affiliate program and demo account Regulators' licenses |
| Disadvantages | Unstable communication with technical support Slow order execution Blocking of the account and debiting of funds without explanation |
| Company requisites | Legal name: AVA Trade Ltd. Legal address: Five Lamps Place Amiens Street, Dublin 1, Ireland |
| Date of update | February 21, 2023 |
| Overall assessment | 7.9/10 |
AvaTrade is this a scam? Review and Customers Reviews
The Forex broker AvaTrade has been operating in the financial services market since 2006. It’s a part of the large company Ava Financial Ltd, which is popular in the West due to its impressive work experience. The broker has a registration in Ireland. The success of the company is indicated by the fact that its offices are located all over the world, a large number of traders are using its platform (more than 200,000 users of different countries monthly conclude about 2 million transactions), trusting the professionalism and experience of the company.
If you really want to know whether AvaTrade is another scam hunting for your hard-earned money or not, just keep reading this review.
AvaTrade has been providing services of comfortable online trading in international financial markets for more than 10 years, offering one of the best conditions: narrow spreads, 24/5 trading, CFD, fast execution of orders on the market. The company offers a wide range of financial instruments: currencies, metals, oil, stock indices (DJ, FTSE, DAX, CAC, Nikkei, etc.), precious metals, cotton, sugar, gas, etc. Thus, the broker constantly expands trading opportunities. By the way, AvaTrade turned to be one of the first companies to offer earnings on CFD (contracts for the difference in prices of raw materials, indices and shares). They were also first to allow to trade in cyber currency (each market is accessible to Bitcoin and Litecoin markets).
Today, the broker is deservedly considered to be the leader of online trading. The company among the first successfully introduces innovative trading technologies, and its activities are rewarded (“The Most Transparent Broker”, 2010, “The Broker with the Most Confidence of Customers”, 2012, “The Best Broker” , 2015 and 2016, etc.). There is a wide choice of platforms for work: this is a classic MetaTrader 4 solution, their own AvaTradeAct broker terminal, AvaOptions (a platform for trading Forex stock options).
Those who prefer automated trading, can benefit from RoboX (the strategy designer for the AvaTrader platform), MirrorTrader (for mirror trading), ZuluTrade (independently selects strategies, takes into account expert advice); MQL5 (signal service, copying the trades of successful traders in the MT4 terminal). Additionally, mobile trading makes the work more convenient.
Every client who has an AvaTrade trading account can receive an Ava MasterCard debit card, which is very convenient for making a profit and replenishing the deposit (commission fee is reduced). Separately it is worth mentioning their informative official website, presented in several languages, including Russian. Here you’ll find reference materials on the company, terms of trade, licensing, trade terminals. The website also offers a lot of training information: articles, e-books, free video courses, daily market reviews. It’s a comfortable place for newcomers as well as professional market players, everyone will find a lot of useful things for themselves.
Replenishment and withdrawal of funds
AvaTrade offers a limited list of options for withdrawal and replenishment of funds. To replenish the account for trading, you need to register with the broker, deposit the amount, choosing a convenient way of transferring funds (the minimum deposit is $100).
To deposit funds, traders can use modern payment systems – from the usual bank cards to electronic payment systems: bank transfers, WebMoney, PayPal, Neteller, Moneybookers, Wire Transfer. The withdrawal of funds is possible only for authorized traders, it takes no more than 5 days. To increase the withdrawal speed, we recommend to draw up an Ava Debit MasterCard.
Complaints about AvaTrade
The World Wide Web offers a lot of feedback about the broker, both positive and negative. Among the advantages many traders point out to the reliability of the company, professionalism, high quality materials for learning Forex trading, a relatively fast withdrawal of funds, good trading conditions, a good choice of terminals for work, a small competitive deposit, permanent profitable bonuses and shares, a trustworthy license.
Among the negative nuances, clients mention the lack of communication with technical support, freezes in terminals, refusals to return funds without explaining the reasons, the slow opening and closing of orders, which leads to loss of funds. Besides this, traders often complain about blocking the account or withdrawing funds from it without explaining the reason.
Despite the fact that there are no brokers in the market today without any negative feedback, AvaTrade should consider improving the service. A huge advantage in this situation is that the representative of the company tracks the responses, answering the traders in order to solve the problems (the employee of the company leaves a contact email address to which traders can describe the problem in detail). We hope that this work is productive enough.
If there are any complaints about AvaTrade, we’ll publish information in social networks. Sign up to stay up to date with the news.
Is AvaTrade a fraudster?
Today, AvaTrade today is considered to be one of the most professional and successful brokers of the market, demonstrating expanded trading opportunities. The broker has been working all over the world for more than 10 years, providing high-quality service and having the most diverse user reviews: both positive and negative. At the same time, it’s worth noting that a company representative tracks reviews, tries to solve problems and thereby eliminates anything negative. It positively characterizes the company, so they’re eager to get familiar with the opinion about their work. It clearly demonstrates that they are not a scam. The availability of certification, prestigious awards, favorable terms of trade increases the credibility of the company.
Another advantage is the provision of several platforms to choose from: the classic Metatrader, as well as their own high-quality terminals. One of its tasks the company puts the best service and successfully performs it, acting as a serious organization. At the same time, the development of its software is impossible without an impressive amount of time and money, which is not typical to fraudulent structures. It perfectly characterizes the company, which came to the market to take a firm position and to roll out the best solutions.
Another great feature of the broker is an informative official website (including its Russian version), which contains materials about the company, licenses, trading conditions, terminals, a lot of training materials that are positively noted in the responses of traders. AvaTrade has several licenses around the world, which is also a positive moment. The system of bonuses and accounts, feedback, training opportunities – all of this in many ways indicates a thoughtful work with the user, which is difficult to see in one-day brokers.
Should we label it as a scam? At the moment, we definitely shouldn’t . More than 10 years of successful work with traders around the world, the availability of licenses and a serious reputation are firm arguments in favor of the broker anyway. Nevertheless, in order to avoid problems with the broker, you need to work with your personal manager correctly, specifying all the necessary information about the rules of working with terminals, bonuses as well as the withdrawal procedure.
The broker’s regulator
AvaTrade is a member of Ava Financial Ltd, registered in Ireland and accredited by the Central Bank of Ireland (license No.C53877). There are also licenses of the following supervisory organizations:
- The Australian Securities and Investments Commission, ASIC (License No. 406684),
- The BVI Financial Services Commission in the British Virgin Islands,
- Financial Services Agency of Japan (license No.1662),
- Japan’s Financial Futures Association (license No.1574),
- Financial Services Board (FSB) in South Africa (license No.45984).
- CySEC,
- Financial Services Agency and Japan Financial Futures Association.
So, the broker is officially allowed to operate in Europe, Australia, Japan, South Africa and the Virgin Islands.
Check the AvaTrade license on the website of the Central Bank of Ireland
Check the AvaTrade license on the website of the Financial Services Agency of Japan
Check the AvaTrade license on the website of the Japan Financial Futures Association
Bonuses in AvaTrade
Every trader of the company can count on 2 types of bonuses:
1) The 30% bonus for replenishment of account
To receive the bonus, you need to replenish the deposit in the amount of 500 US dollars, euros, British pounds or Australian dollars. The amount of the bonus depends on the size of the deposit. Detailed conditions for the bonus you should specify from your personal manager.
2) The bonus up to $ 400
Refer a friend and get a bonus of up to $400. To get a bonus, you need to tell your friends about AvaTrade, and if your friend is actively working on a real broker account, you will receive a reward. As for detailed conditions for the bonus, you need to specify it from the personal manager.
Conclusion
The trading broker AvaTrade provides services for 10 years, so it’s considered to be one of the industry leaders. Having become the first to introduce modern service and unique trading options, and boasting a large base of traders around the world, it’s still providing a unique web-product, developing further and following today’s trends of trading in financial markets.
The Internet provides tons of feedback on working with the broker, and the company tracks these materials, trying to solve issues, which also positively characterizes it. Let’s hope that this work will continue, the company’s service will become better, so at the moment it doesn’t make sense to label it as a scam. However, the responses of the traders we are waiting for this review can do more than just change the ratings of the broker on our website. They can also warn many market players of possible problems.
Reviews
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Feedback approved for publication Rate your review 000How I Recently Recovered My Lost Funds
It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by BINARY OPTIONS AND FAKE BROKERS. I know actually how it feels and hurts to lose money you have worked half of your life to invest with the thought of getting return when you are retired. I was a victim… Read more
Positive- Full Refunds.
Minuses- None
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Rate your review 000I was able to receive my funds back
Guys be wise, do not make the same mistake I had made in the past, I was a victim of a bitcoin scam, I saw a glamorous review showering praises and marketing an investment firm called MACKIE’S Investment Co, I reached out to them on what their contracts are, and I invested $30,000, which I was promised… Read more
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Rate your review 000Worked with the broker for less than...
Worked with the broker for less than a month. It was a great company. I withdrew my deposit without any problems.
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Rate your review 000I don't agree with the commenters below...
I don’t agree with the commenters below at all. I have been trading at Ava since 2010, I lost and earned large sums. I have also withdrawn 5 thousand dollars at a time – withdrawal goes without problems, takes 2-3 days. As for trading under the guidance of analysts – I will only say that it is your own… Read more
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Rate your review 000avan-trade is a bunch of swindlers and...
avan-trade is a bunch of swindlers and moral morons. I was taken for quite a bit of money and never got anything out of it. The same scam that convinced me that I will earn a lot, and as a result, only contributed and contributed, and could not withdraw. I did not get involved with these scammers. I… Read more
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Rate your review 000In July 2018, a manager from Avatrade...
In July 2018, a manager from Avatrade called with a proposal to trade, said 90-95% of transactions from trading stable in the plus, no experience of trading on the stock exchange, gave analyst Artyom Volkov, started with $ 500 and gave a bonus of 200, then added more and another bonus, but the transactions… Read more
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Rate your review 000Broker c...y deposited my account was blocked
Broker c…y deposited my account was blocked, I can not go into a private office, writes that the user does not exist!) draw conclusions.
AvaTrade reviews
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